| Schedule of Amounts Due from Related Parties |
As of December 31, 2025 and 2024, the balances of amount due from
related parties were as follows:
| | |
| |
As of December 31, | |
| | |
| |
2025 | | |
2024 | |
| Due from related parties | |
| |
| | |
| |
| Bally | |
| |
$ | - | | |
$ | 5,172 | |
| Mr. Wenwu Zhang | |
(1) | |
| - | | |
| 321,949 | |
| Zhongna Times | |
(2) | |
| 71,499 | | |
| - | |
| Shenzhen Zhuhai | |
(5) | |
| - | | |
| 150,699 | |
| Zhihai Yuncheng | |
| |
| - | | |
| 63,588 | |
| Mr. Yong Sun | |
(3) | |
| 404,279 | | |
| - | |
| Mr. Jianfeng Zhu | |
(4) | |
| 285,996 | | |
| - | |
| Others | |
| |
| 700 | | |
| 700 | |
| Total | |
| |
$ | 762,474 | | |
$ | 542,108 | |
| (1) | The balance as of December 31, 2024 represented the prepaid acquisition
consideration to purchase Mr. Wenwu Zhang’s equity interest in Haicheng Shenhe, for which a full allowance for credit losses of
$326,957 was recorded for the year ended December 31, 2025. |
| (2) | The Company loaned RMB 500,000, or $69,565, to Zhongna Times for its
operation for the year ended December 31, 2025. The balance from Zhongna Times as of December 31, 2025 was fully repaid on January 23,
2026. |
| (3) | The Company loaned RMB 3,725,000, or $518,261, to Mr. Yong Sun as a
staff advance for the year ended December 31, 2025. Mr. Yong Sun repaid RMB 897,835, or $124,916, for the year ended December 31, 2025.
The outstanding balance from Mr. Yong Sun as of December 31, 2025 was fully repaid in full by May 11, 2026. |
| (4) | The Company loaned RMB 2,000,000, or $278,261, to Mr. Jianfeng Zhu
to support the operation of Zhong Times for the year ended December 31, 2025. The balance from Mr. Jianfeng Zhu as of December 31, 2025
was fully repaid in full by May 11, 2026. |
| (5) | Shenzhen Zhuhai returned RMB 1,100,000, or $153,044, to the Company
for the year ended December 31, 2025. |
As of December 31, 2025 and 2024, the balances of amounts due to related
parties were as follows:
| | |
| |
As of December 31, | |
| | |
| |
2025 | | |
2024 | |
| Due to related parties | |
| |
| | |
| |
| Ms. Jing Ji | |
| |
$ | 19,841 | | |
$ | 19,009 | |
| Shanghai Huiyang | |
(2) | |
| - | | |
| 235,001 | |
| Haicheng Shenhe | |
| |
| 2,618 | | |
| 1,029 | |
| Zhuhai Investment | |
(1)/(2) | |
| 2,136,309 | | |
| 3,442,663 | |
| Zhongna Times | |
(3) | |
| - | | |
| 493,198 | |
| Others | |
| |
| 5,909 | | |
| 5,905 | |
| Total | |
| |
$ | 2,164,677 | | |
$ | 4,196,805 | |
| (1) | The balance as of December 31, 2025 represented the loans from Zhuhai Investment, with the annual interest rate of 4% and due on December 31, 2026. | | | | | (2) | Mr. Haiping Hu’s affiliated companies loaned RMB 1,600,000, or
$222,609, to the Company for the year ended December 31, 2025; The Company repaid the loan of RMB 14,780,000, or $2,056,348, to Mr. Haiping
Hu’s affiliated companies for the year ended December 31, 2025. The interest accrued was RMB 1,382,627, or $192,366, for the
year ended December 31, 2025. | | | | | (3) | Zhongna Times loaned RMB 5,000,000, or $695,652, to the
Companies for the year ended December 31, 2025; The Company repaid the loan of RMB 8,600,000, or $1,196,522, to Zhongna Times for the
year ended December 31, 2025. |
|